• The Industrial Revolution created a unique situation. . . Who gets the money? • The answer to this question are three basic economic systems found around the world . • Capitalism • Socialism • Mixed ( 1989)

Capitalism • Capital means money • The system known as capitalism is also called a free market system • Capitalism is the oldest and most successful system • Characteristics: – Private or corporate ownership – Start up businesses, risk, success or failure, great wealth – Three social classes, rich, middle, poor

Socialism • There are several levels of socialism, the most extreme is communism • The goal of socialism/communism is to make everyone equal • Characteristics: – Government owns and controls industry – Profits go to government and distributed equally – Elimination of work ethic and competition • Socialism/communism is unbiblical because – II Thess 3:10 – I Tim 5:18 Prov 3:27 Prov 6:6

Global Economic Outlook 2016 - Key Findings | The ...

Yet, the recent challenges to the global economy, ... Global Economic Outlook 2016: The Global Economy in a Holding Pattern.Read more

Global Economy - World business, finance, and political ...

Ripples from global steel downturn wash up on UK shores and in China, putting governments to the test. Tale of two steel towns: Redcar and QiananRead more

These presentations are classified and categorized, so you will always find everything clearly laid out and in context.
You are watching Global economies presentation right now. We are staying up to date!